EU leaders call for de-escalation, civilian protection and full respect of international law by all parties, while they call for moratorium on strikes targeting energy and water infrastructure, also strongly condemned Iran's indiscriminate strikes

The EU leaders' call for de-escalation and civilian protection amidst ongoing conflict signals a heightened focus on stability, which could support energy prices if it leads to reduced disruptions. Their condemnation of Iran's strikes may also impact regional tensions, particularly in oil markets, suggesting a potential for volatility in WTI as supply concerns arise. Overall, the implications for commodities are significant, as any escalation could tighten supply and push prices higher, while a de-escalation might offer temporary relief.